Subtext

Vulcan Materials Company VMC

SectorMaterials
Transcripts70
Date range2008-02-14 – 2025-04-30
Calls charted70

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-27-13+0+13+272007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q4 · Overall: -0.12008 Q1 · Overall: -2.12008 Q2 · Overall: +0.92008 Q3 · Overall: +0.82008 Q4 · Overall: -2.82009 Q1 · Overall: -4.82009 Q2 · Overall: -1.92009 Q3 · Overall: +0.32009 Q4 · Overall: -0.52010 Q1 · Overall: +2.62010 Q2 · Overall: -2.12010 Q3 · Overall: +0.12010 Q4 · Overall: -1.12011 Q1 · Overall: +0.62011 Q2 · Overall: -0.82011 Q3 · Overall: +2.22011 Q4 · Overall: +12.62012 Q1 · Overall: +12.62012 Q2 · Overall: +8.12012 Q3 · Overall: +9.42012 Q4 · Overall: +6.52013 Q1 · Overall: +16.82013 Q2 · Overall: +17.62013 Q3 · Overall: +10.92013 Q4 · Overall: +10.82014 Q1 · Overall: +9.42014 Q2 · Overall: +5.72014 Q3 · Overall: +11.82014 Q4 · Overall: +7.42015 Q1 · Overall: +7.92015 Q2 · Overall: +8.92015 Q3 · Overall: +12.42015 Q4 · Overall: +12.62016 Q1 · Overall: +11.12016 Q2 · Overall: +8.02016 Q3 · Overall: +13.52016 Q4 · Overall: +9.12017 Q1 · Overall: +11.22017 Q2 · Overall: +11.82017 Q3 · Overall: +4.82017 Q4 · Overall: +3.72018 Q1 · Overall: +11.82018 Q2 · Overall: +10.32018 Q3 · Overall: +14.92018 Q4 · Overall: +16.32019 Q1 · Overall: +11.92019 Q2 · Overall: +14.62019 Q3 · Overall: +11.42019 Q4 · Overall: +10.52020 Q1 · Overall: +2.62020 Q2 · Overall: +7.32020 Q3 · Overall: +6.82020 Q4 · Overall: +10.52021 Q1 · Overall: +13.52021 Q2 · Overall: +23.32021 Q3 · Overall: +18.72021 Q4 · Overall: +11.92022 Q1 · Overall: +14.72022 Q2 · Overall: +4.52022 Q3 · Overall: +13.82022 Q4 · Overall: +9.52023 Q1 · Overall: +11.12023 Q2 · Overall: +16.82023 Q3 · Overall: +11.72023 Q4 · Overall: +8.82024 Q1 · Overall: +16.42024 Q2 · Overall: +5.62024 Q3 · Overall: +12.52024 Q4 · Overall: +10.82025 Q1 · Overall: +8.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-71-35+0+35+712007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q4 · CEO: +3.12008 Q1 · CEO: -2.02008 Q2 · CEO: +6.02008 Q3 · CEO: +4.92008 Q4 · CEO: +0.02009 Q1 · CEO: -1.82009 Q2 · CEO: +1.62009 Q3 · CEO: +2.52009 Q4 · CEO: -0.72010 Q1 · CEO: +5.52010 Q2 · CEO: +0.32010 Q3 · CEO: +7.22010 Q4 · CEO: +2.22011 Q1 · CEO: +2.62011 Q2 · CEO: +2.42011 Q3 · CEO: +8.52011 Q4 · CEO: +18.92012 Q1 · CEO: +16.22012 Q2 · CEO: +14.02012 Q3 · CEO: +15.02012 Q4 · CEO: +12.22013 Q1 · CEO: +24.42013 Q2 · CEO: +19.62013 Q3 · CEO: +12.42013 Q4 · CEO: +18.52014 Q1 · CEO: +15.82014 Q2 · CEO: +11.32014 Q3 · CEO: +14.92014 Q4 · CEO: +15.72015 Q1 · CEO: +12.72015 Q2 · CEO: +10.02015 Q4 · CEO: +20.62016 Q2 · CEO: +12.22016 Q3 · CEO: +17.92016 Q4 · CEO: +18.72017 Q1 · CEO: +13.72017 Q2 · CEO: +15.12017 Q3 · CEO: +5.42017 Q4 · CEO: +6.82018 Q1 · CEO: +13.92018 Q2 · CEO: +16.92018 Q3 · CEO: +18.92018 Q4 · CEO: +22.22019 Q1 · CEO: +17.82019 Q2 · CEO: +19.82019 Q3 · CEO: +10.32019 Q4 · CEO: +18.42020 Q1 · CEO: +8.12020 Q2 · CEO: +8.92020 Q3 · CEO: +10.22020 Q4 · CEO: +21.22021 Q1 · CEO: +20.12021 Q2 · CEO: +27.12021 Q3 · CEO: +23.72021 Q4 · CEO: +15.32022 Q1 · CEO: +17.82022 Q2 · CEO: +5.42022 Q3 · CEO: +17.52022 Q4 · CEO: +13.92023 Q1 · CEO: +7.92023 Q2 · CEO: +26.12023 Q3 · CEO: +13.02023 Q4 · CEO: +6.42024 Q1 · CEO: +18.42024 Q2 · CEO: +5.42024 Q3 · CEO: +12.22024 Q4 · CEO: +14.42025 Q1 · CEO: +9.52007 Q4 · CFO: +5.62008 Q1 · CFO: +26.72008 Q2 · CFO: +0.02008 Q3 · CFO: +4.32008 Q4 · CFO: +0.02009 Q1 · CFO: -9.12009 Q2 · CFO: -9.42009 Q3 · CFO: -22.72009 Q4 · CFO: +1.42010 Q1 · CFO: +4.42010 Q2 · CFO: +6.92010 Q3 · CFO: -8.02010 Q4 · CFO: -1.92011 Q2 · CFO: -5.52011 Q3 · CFO: -7.02011 Q4 · CFO: +9.32012 Q1 · CFO: +8.42012 Q2 · CFO: +7.22012 Q3 · CFO: -8.22012 Q4 · CFO: +3.82013 Q1 · CFO: -4.02013 Q3 · CFO: +7.12013 Q4 · CFO: +8.32014 Q1 · CFO: +13.22014 Q2 · CFO: +2.92014 Q3 · CFO: +14.22014 Q4 · CFO: +4.92015 Q1 · CFO: +12.12015 Q2 · CFO: +10.42015 Q4 · CFO: +9.52016 Q2 · CFO: +2.42016 Q3 · CFO: +13.42016 Q4 · CFO: +3.02017 Q1 · CFO: +10.22017 Q2 · CFO: +12.22017 Q3 · CFO: +8.42017 Q4 · CFO: -2.92018 Q1 · CFO: +11.02018 Q2 · CFO: +10.72018 Q3 · CFO: +20.52018 Q4 · CFO: +14.22019 Q1 · CFO: +4.62019 Q2 · CFO: +11.92019 Q3 · CFO: +5.32019 Q4 · CFO: +15.22020 Q1 · CFO: +4.92020 Q2 · CFO: +9.42020 Q3 · CFO: +5.62020 Q4 · CFO: +1.82021 Q1 · CFO: +18.42021 Q2 · CFO: +33.92021 Q3 · CFO: +16.12021 Q4 · CFO: +21.32022 Q1 · CFO: +33.02022 Q2 · CFO: +15.12022 Q3 · CFO: +23.92022 Q4 · CFO: +17.02023 Q1 · CFO: +61.42023 Q2 · CFO: +16.42023 Q3 · CFO: +29.32023 Q4 · CFO: +19.62024 Q1 · CFO: +29.62024 Q2 · CFO: +26.92024 Q3 · CFO: +23.12024 Q4 · CFO: +22.12025 Q1 · CFO: +35.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-35-18+0+18+352007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q4 · Prepared remarks: +2.32008 Q1 · Prepared remarks: -0.42008 Q2 · Prepared remarks: +10.02008 Q3 · Prepared remarks: +3.72008 Q4 · Prepared remarks: -4.32009 Q1 · Prepared remarks: -2.32009 Q2 · Prepared remarks: +7.02009 Q3 · Prepared remarks: -1.42009 Q4 · Prepared remarks: +3.32010 Q1 · Prepared remarks: -1.12010 Q2 · Prepared remarks: -2.22010 Q3 · Prepared remarks: +0.82010 Q4 · Prepared remarks: +4.72011 Q1 · Prepared remarks: -6.72011 Q2 · Prepared remarks: +11.22011 Q3 · Prepared remarks: +8.72011 Q4 · Prepared remarks: +19.12012 Q1 · Prepared remarks: +24.52012 Q2 · Prepared remarks: +16.52012 Q3 · Prepared remarks: +11.02012 Q4 · Prepared remarks: +12.12013 Q1 · Prepared remarks: +24.02013 Q2 · Prepared remarks: +25.72013 Q3 · Prepared remarks: +19.12013 Q4 · Prepared remarks: +17.82014 Q1 · Prepared remarks: +22.22014 Q2 · Prepared remarks: +12.22014 Q3 · Prepared remarks: +21.02014 Q4 · Prepared remarks: +19.92015 Q1 · Prepared remarks: +18.92015 Q2 · Prepared remarks: +13.22015 Q3 · Prepared remarks: +21.92015 Q4 · Prepared remarks: +24.92016 Q1 · Prepared remarks: +11.82016 Q2 · Prepared remarks: +14.72016 Q3 · Prepared remarks: +18.32016 Q4 · Prepared remarks: +19.52017 Q1 · Prepared remarks: +17.02017 Q2 · Prepared remarks: +22.62017 Q3 · Prepared remarks: +6.42017 Q4 · Prepared remarks: +12.12018 Q1 · Prepared remarks: +12.32018 Q2 · Prepared remarks: +22.32018 Q3 · Prepared remarks: +20.52018 Q4 · Prepared remarks: +23.02019 Q1 · Prepared remarks: +15.72019 Q2 · Prepared remarks: +24.22019 Q3 · Prepared remarks: +12.92019 Q4 · Prepared remarks: +24.12020 Q1 · Prepared remarks: +12.92020 Q2 · Prepared remarks: +14.32020 Q3 · Prepared remarks: +14.52020 Q4 · Prepared remarks: +23.62021 Q1 · Prepared remarks: +30.32021 Q2 · Prepared remarks: +27.72021 Q3 · Prepared remarks: +19.82021 Q4 · Prepared remarks: +23.92022 Q1 · Prepared remarks: +22.42022 Q2 · Prepared remarks: +19.42022 Q3 · Prepared remarks: +24.92022 Q4 · Prepared remarks: +7.92023 Q1 · Prepared remarks: +20.92023 Q2 · Prepared remarks: +25.92023 Q3 · Prepared remarks: +28.22023 Q4 · Prepared remarks: +19.42024 Q1 · Prepared remarks: +30.82024 Q2 · Prepared remarks: +23.82024 Q3 · Prepared remarks: +13.32024 Q4 · Prepared remarks: +13.92025 Q1 · Prepared remarks: +12.12007 Q4 · Q&A responses: +2.72008 Q1 · Q&A responses: -0.92008 Q2 · Q&A responses: -2.22008 Q3 · Q&A responses: +3.52008 Q4 · Q&A responses: -0.22009 Q1 · Q&A responses: -2.22009 Q2 · Q&A responses: -3.42009 Q3 · Q&A responses: +3.42009 Q4 · Q&A responses: +0.22010 Q1 · Q&A responses: +6.02010 Q2 · Q&A responses: +0.72010 Q3 · Q&A responses: +6.12010 Q4 · Q&A responses: -0.22011 Q1 · Q&A responses: +7.82011 Q2 · Q&A responses: -3.12011 Q3 · Q&A responses: +3.92011 Q4 · Q&A responses: +12.72012 Q1 · Q&A responses: +6.72012 Q2 · Q&A responses: +3.92012 Q4 · Q&A responses: -0.92013 Q1 · Q&A responses: +17.92013 Q2 · Q&A responses: +9.62013 Q3 · Q&A responses: +13.22013 Q4 · Q&A responses: +12.02014 Q1 · Q&A responses: +8.12014 Q2 · Q&A responses: +5.22014 Q3 · Q&A responses: +8.92014 Q4 · Q&A responses: +3.62015 Q1 · Q&A responses: +4.42015 Q2 · Q&A responses: +7.52015 Q3 · Q&A responses: +8.22015 Q4 · Q&A responses: +8.82016 Q2 · Q&A responses: +5.42016 Q3 · Q&A responses: +12.52016 Q4 · Q&A responses: +5.32017 Q1 · Q&A responses: +7.82017 Q2 · Q&A responses: +8.52017 Q3 · Q&A responses: +5.52017 Q4 · Q&A responses: -1.52018 Q2 · Q&A responses: +10.62018 Q3 · Q&A responses: +16.52018 Q4 · Q&A responses: +16.92019 Q1 · Q&A responses: +12.42019 Q2 · Q&A responses: +14.62019 Q3 · Q&A responses: +10.82019 Q4 · Q&A responses: +13.82020 Q1 · Q&A responses: +5.32020 Q2 · Q&A responses: +6.72020 Q3 · Q&A responses: +4.12020 Q4 · Q&A responses: +10.62021 Q1 · Q&A responses: +13.12021 Q2 · Q&A responses: +26.82021 Q3 · Q&A responses: +19.92021 Q4 · Q&A responses: +8.12022 Q1 · Q&A responses: +17.82022 Q2 · Q&A responses: -0.72022 Q3 · Q&A responses: +13.72022 Q4 · Q&A responses: +17.02023 Q1 · Q&A responses: +12.12023 Q2 · Q&A responses: +21.32023 Q3 · Q&A responses: +9.32023 Q4 · Q&A responses: +6.92024 Q1 · Q&A responses: +16.72024 Q2 · Q&A responses: +0.92024 Q4 · Q&A responses: +15.12025 Q1 · Q&A responses: +12.1
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.36$5.19$10.032007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: $1.022014 Q2: $1.272014 Q3: $1.472014 Q4: $1.792015 Q1: $2.332015 Q2: $2.702015 Q3: $3.122015 Q4: $3.362016 Q1: $3.612016 Q2: $4.112016 Q3: $4.372016 Q4: $4.272017 Q1: $4.362017 Q2: $4.792017 Q3: $4.512017 Q4: $4.132018 Q1: $4.642018 Q2: $4.972018 Q3: $5.092018 Q4: $4.952019 Q1: $5.052019 Q2: $5.292019 Q3: $5.552019 Q4: $5.772020 Q1: $5.772020 Q2: $4.512020 Q3: $4.892020 Q4: $4.992021 Q1: $5.252021 Q2: $5.692021 Q3: $5.892021 Q4: $6.322022 Q1: $6.712022 Q2: $7.122022 Q3: $6.722022 Q4: $6.722023 Q1: $6.272023 Q2: $7.122023 Q3: $7.802023 Q4: $8.062024 Q1: $8.882024 Q2: $9.362024 Q3: $8.91

Forward P/E

9.1039.4269.742007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: 65.562014 Q2: 51.332014 Q3: 43.132014 Q4: 35.752015 Q1: 36.812015 Q2: 32.402015 Q3: 32.442015 Q4: 29.032016 Q1: 28.672016 Q2: 27.642016 Q3: 24.992016 Q4: 29.212017 Q1: 27.272017 Q2: 27.002017 Q3: 25.952017 Q4: 29.812018 Q1: 25.942018 Q2: 26.372018 Q3: 22.482018 Q4: 19.382019 Q1: 21.762019 Q2: 24.842019 Q3: 26.762019 Q4: 24.862020 Q1: 13.282020 Q2: 26.382020 Q3: 27.232020 Q4: 27.592021 Q1: 32.122021 Q2: 29.942021 Q3: 29.702021 Q4: 32.642022 Q1: 27.022022 Q2: 21.272022 Q3: 23.832022 Q4: 27.472023 Q1: 25.962023 Q2: 29.132023 Q3: 27.412023 Q4: 27.752024 Q1: 30.352024 Q2: 27.312024 Q3: 27.42

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↓ -3.7 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2014 Q4 tone ↓ -4.4 fwd EPS ↑ +0.32 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -3.1 fwd EPS ↑ +0.50 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -4.4 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -3.1 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +4.6 fwd EPS ↓ -1.26 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -4.6 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -6.8 fwd EPS ↑ +0.43 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -10.2 fwd EPS ↑ +0.41 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↑ +9.3 fwd EPS ↓ -0.40 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -5.0 fwd EPS ↑ +0.68 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↓ -2.9 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↓ -10.8 fwd EPS ↑ +0.48 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↑ +6.9 fwd EPS ↓ -0.45 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-30+8.9——View →
2024 Q42025-02-18+10.8——View →
2024 Q32024-10-30+12.5$8.9127.4View →
2024 Q22024-08-06+5.6$9.3627.3View →
2024 Q12024-05-02+16.4$8.8830.4View →
2023 Q42024-02-16+8.8$8.0627.8View →
2023 Q32023-10-26+11.7$7.8027.4View →
2023 Q22023-08-03+16.8$7.1229.1View →